Traders Buy High Volume of Thryv Call Options (NASDAQ:THRY)

Thryv Holdings, Inc. (NASDAQ:THRY) was the recipient of unusually large options trading activity on Friday. Stock traders bought 5,119 call options on the stock. This is an increase of 1,053% compared to the typical volume of 444 call options.

Thryv Stock Performance

Thryv stock opened at $3.90 on Friday. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.15 and a quick ratio of 1.15. The company has a market cap of $169.96 million, a price-to-earnings ratio of 9.51 and a beta of 0.87. Thryv has a 12 month low of $3.45 and a 12 month high of $20.92. The stock’s 50-day moving average is $5.08 and its 200-day moving average is $8.42.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on THRY shares. Needham & Company LLC reduced their price target on Thryv from $20.00 to $14.00 and set a “buy” rating on the stock in a research note on Thursday, October 30th. Weiss Ratings reiterated a “sell (d)” rating on shares of Thryv in a research report on Monday, December 29th. William Blair lowered Thryv from an “outperform” rating to a “market perform” rating in a research note on Tuesday, November 4th. B. Riley Financial lowered their price target on Thryv from $26.00 to $15.00 and set a “buy” rating for the company in a report on Friday, October 31st. Finally, Wall Street Zen lowered shares of Thryv from a “buy” rating to a “hold” rating in a report on Saturday, February 14th. Two research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $11.50.

Hedge Funds Weigh In On Thryv

A number of hedge funds have recently added to or reduced their stakes in the business. AQR Capital Management LLC increased its stake in Thryv by 11.0% during the first quarter. AQR Capital Management LLC now owns 69,842 shares of the company’s stock valued at $895,000 after purchasing an additional 6,917 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Thryv by 6.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 22,514 shares of the company’s stock valued at $288,000 after buying an additional 1,351 shares during the period. Goldman Sachs Group Inc. grew its position in shares of Thryv by 46.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 376,141 shares of the company’s stock valued at $4,818,000 after buying an additional 119,167 shares during the last quarter. CWM LLC raised its stake in Thryv by 567.6% during the second quarter. CWM LLC now owns 8,338 shares of the company’s stock worth $101,000 after acquiring an additional 7,089 shares during the period. Finally, Y Intercept Hong Kong Ltd acquired a new position in Thryv in the second quarter valued at approximately $502,000. Institutional investors and hedge funds own 96.38% of the company’s stock.

About Thryv

Thryv Holdings, Inc (NASDAQ:THRY) is a software and technology solutions provider focused on helping small- and medium-sized businesses manage customer relationships, marketing and communications, appointments and payments through a unified platform. Headquartered in Dallas, Texas, the company delivers cloud-based software designed to simplify administrative tasks and enable business owners to engage with customers across multiple channels.

At the core of Thryv’s offerings is its flagship Thryv software platform, which combines customer relationship management (CRM) tools, automated marketing and social media management, online scheduling, invoicing and payment processing.